Author: Anthony Persuader
Financial Journalist with global coverage.
Ripple Expands $RLUSD Stablecoin Access to Africa Ripple, an American technology company which provides digital asset infrastructure for financial institutions, has made its $RLUSD, a USD-backed stablecoin, available to African institutions through New partnerships with Chipper Cash, VALR and Yellow Card. Ripple seeks global adoption for the $700 million market capitalisation stablecoin and sees the African crypto space as a lively industry for the growth of RLUSD. Stablecoin users believe that RLUSD and the already available Tether’s USDT and Circle’s USDC will help institutions and individuals facilitate faster, cost-effective, and safer cross-border payments. Also, it will serve as a hedge…
MasterCard Partners with Circle to Extend Stablecoin Adoption to EEMEA Region MasterCard, a financial services corporation, partners with Circle, a US-based stablecoin company, to extend stablecoin adoption to the Eastern Europe, Middle East, and Africa (EEMEA) region. According to MasterCard, this initiative marks the first time merchants and acquirers in the EEMEA region use USDC across Mastercard’s global payments network, providing them with the opportunity to benefit from MasterCard’s trusted technology, reach and scale. Notably, this development will allow acquiring institutions to receive their settlement in USDC or EURC, a fully-reserved stablecoin issued by regulated affiliates of Circle, which they…
Bitcoin Price Estimated to Drop by 12% in Sept – Traders Bitcoin traders have warned that uncertainty in the movement of Bitcoin price could lead to a 12% drop in the price, citing macro uncertainty, weak market sentiment, and low buying & selling volumes. Simultaneously, technical indicators also point to a potential decline in the price. At the press time, Bitcoin is trading at $111,592, Ethereum is price $4,368 and XRP $2.86. Although Bitcoin has gained 1.35% in the last 24 hours, its market capitalisation stands at $2.22 trillion which is below the beginning of the previous month. Notably, the…
Oil Prices Track Lower Amidst Demand Concerns Oil prices tracked lower on Thursday as new US tariffs on India fueled trade concerns and expectations of weaker fuel demand with the end of the summer driving season. Brent crude was trading at $66.94 per barrel, down 0.33% from the previous close of $67.16. US benchmark West Texas Intermediate (WTI) fell 0.25% to $63.48 from $63.64 in the prior session. US President Donald Trump’s decision to raise tariffs on Indian goods to 50% took effect on Wednesday. Markets are also watching how New Delhi will respond to US pressure to curb Russian…
Oil Prices Increased as Supply Concerns Emerge In the global commodity market, prices of crude oil increased during early hours on Monday as supply concerns emerged following Ukraine’s drone attacks on Russian energy infrastructure. Brent crude was trading at $67.37 per barrel, up 0.07% from the previous close of $67.32. The US benchmark West Texas Intermediate (WTI) rose 0.08% to $63.71 from $63.66 in the prior session. A Ukrainian drone triggered a fire at Russia’s Kursk Nuclear Power Plant after being downed overnight, damaging a transformer and forcing a 50% reduction in output at one of its reactors, the plant’s…
Understanding the Economics Behind Contemporary Online Gaming Platforms The online gaming industry is a rapidly evolving digital marketplace, reshaping entertainment norms and driving substantial economic impact. By examining the financial models and consumer trends within this sector, we gain insights into its profitability and influence on global economies. The digital casino industry has emerged as a key player in modern entertainment, blending traditional gaming with cutting-edge technology to create an expansive online ecosystem. These platforms replicate the excitement of physical casinos, offering a wide array of games accessible from anywhere. The financial significance of this industry is profound, generating substantial…
Crude Oil Prices Edge Lower as Peace Talks Advanced Oil prices edged lower on Tuesday after comments by US President Donald Trump and Ukrainian President Volodymyr Zelenskyy fueled expectations that the war in Ukraine could move toward a resolution and sanctions on Russian crude could be eased. Brent crude fell 0.77% to $65.63 a barrel, down from $66.14 at Monday’s close. US benchmark West Texas Intermediate (WTI) decreased 0.79% to $62.11 per barrel, compared to $62.61 in the previous session. Prices retreated after Trump said preparations had begun for a trilateral summit with Russian President Vladimir Putin and Zelenskyy, which…
US Targets Iranian Network over Shadow Offshore Bank, Payment Scheme The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating 18 entities and individuals that play pivotal roles in the Iranian regime’s efforts to generate revenue and circumvent U.S. sanctions. Facing severe financial constraints due to international isolation, US said Iran has engineered sophisticated banking schemes and alternate payment messaging systems specifically designed to bypass sanctions and protect its ability to collect export revenues, particularly from illicit petroleum sales. These systems also enable the regime’s continued funding of its proxies and oppression of the Iranian people,…
Crude Oil Prices Edge Higher on Demand Optimism Crude oil prices edged high in the global commodity market on declining American crude inventories, signaling a higher demand outlook in the U.S. Also supporting the uptick are the strong market expectations for a Federal Reserve (Fed) rate cut and a slide in the US dollar index. Brent crude was trading at $67.02 per barrel, up by 0.6% from the previous session’s close of $66.57. US West Texas Intermediate (WTI) crude rose 0.6% to $64.04 per barrel, from $63.63 in the previous session. US president Donald Trump signed a decree introducing an…
U.S Economy Expands by 3% in Second Quarter The U.S. economy grew in the second quarter of 2025 after a slowdown earlier in the year. The nation’s gross domestic product — the broadest measure of economic activity — grew at an annual rate of 3% in April, May and June, according to a report Wednesday from the Commerce Department. That’s a turnaround from the three previous months when GDP contracted at a rate of 0.5%. The expansion primarily reflected a decrease in imports, following a surge in Q1, when businesses and consumers rushed to stockpile goods ahead of expected price…